The silver price showed negative attempts last Friday, but it has begun today’s trading with clear positivity in attempt to regain the bullish track again. It faces the EMA50 that forms key resistance now at 19.05. The price is likely to breach this barrier to test the most important resistance at 19.38, a break of which represents the most important key to push the price towards 21.12 as the next main station. Therefore, our bullish overview will remain valid and active in the upcoming period supported by stochastic positivity unless we witness a clear break and hold below 18.30. The expected trading range for today is between the 18.70 support and the 19.50 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The silver price showed negative attempts last Friday, but it has begun today’s trading with clear positivity in attempt to regain the bullish track again. It faces the EMA50 that forms key resistance now at 19.05. The price is likely to breach this barrier to test the most important resistance at 19.38, a break of which represents the most important key to push the price towards 21.12 as the next main station. Therefore, our bullish overview will remain valid and active in the upcoming period supported by stochastic positivity unless we witness a clear break and hold below 18.30. The expected trading range for today is between the 18.70 support and the 19.50 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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